The four properties, located at 1205, 1225, 1305 and 1325Franklin Ave., will undergo a multimillion-dollar capitalimprovement process. The common areas, elevators and buildingsystems will be upgraded, and new landscaping will surround theproperties.
"Franklin Avenue Plaza is located in the heart of Garden City'svibrant business district, presenting a unique growth opportunityfor which the Treeline Cos. can provide value enhancement," Schorsays. "World-class financial, legal and government office users aretaking advantage of the access, amenities and value Nassau Countyprovides."
The portfolio is 90% leased to a variety of tenants, includingAllstate Insurance, Merrill Lynch, Morgan Stanley, WachoviaSecurities, Israeloff, Trattner & Co. and Hemisphere NationalBank.
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